Greece also wants more. It seeks a further "emergency growth package." It's worth another 10 billion euros. It's nowhere near enough for what Athens needs. Expect more bailout deals to follow.
On November 5, Greek journalist walked out for the second time in a week. They're protesting plans to merge their social security fund with a national system.
Finance Minister Yannis Stournaras initially couldn't get a parliamentary agreement to merge the social security funds of journalists, civil engineers, lawyers, and others into the National Organization for Healthcare Provisions (EOPYY). On November 7, the measure passed.
Greece stands at the abyss of collapse. It's mired in deepening Depression. Since 2007, it's economy shrunk nearly 22%. It continues heading south.
Ordinary Greeks bear the greatest burden. Multiple rounds of wage cuts, layoffs and lost benefits created unforgivable hardships.
Bad as things are now, more force-fed austerity is planned. Expect no end of it ahead. Greece is banker occupied. It's debt entrapped.
Class war rages. Living standards plummeted precipitously. Troika authorities demand state-run enterprises, public land, tourist sites, ports, water, and other Greek crown jewels stripped of all worth and sold at fire sale prices.
Brussels calls it a rescue. Ordinary Greeks know it's impoverishment and unemployment. It's financial warfare. It's more destructive than pillaging armies.
It grabs everything in sight and wants more. Corrupt politicians steal what they can and agree. Ordinary people bear unconscionable pain. Earlier hard times produced Nazism.
World War II followed. Failure to learn from history risks repeating it. At issue is doing it disastrously. No one seems to notice or care. It may be too late to matter once reality hits home. It may come sooner than most imagine.
Stephen Lendman lives in Chicago and can be reached at Email address removed .
His new book is titled "How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War"
Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.